Canopy Growth names board member Luc Mongeau as CEO, effective Jan 6, 2025

Canopy Growth Corp

Luc Mongeau, CPG veteran and board member since Feb 2024, becomes CEO on Jan 6, 2025; David Klein steps down to special advisor.
Base salary CAD$975k, annual bonus target 100% of base (up to 200% payout), equity grant target 300% of base.
One-time grant of 50,000 RSUs and options for 225,000 shares, vesting over 3 years from grant date.
Klein to serve as special advisor through Aug 31, 2025; board seeking new independent director for vacancy.
Mongeau replaced on CGCN Committee by independent director Willy Kruh.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Luc Mongeau

Chief Executive Officer

CGC · Canopy Growth Corp

Effective: 2025-01-06
Filed: November 26, 2024, 6:59 PM ET

appointed Luc Mongeau, a current member of the Board, to serve as Chief Executive Officer (“CEO”) of the Company (the “Appointment”), effective January 6, 2025

Departed

David Klein

Chief Executive Officer

CGC · Canopy Growth Corp

Effective: 2025-01-06
Successor: Luc Mongeau
Filed: November 26, 2024, 6:59 PM ET

Mr. Klein will continue in his role as CEO and a member of the Board until the Start Date, at which time Mr. Klein will step down from the Board and will serve as Special Advisor

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Luc Mongeau was appointed as Chief Executive Officer at Canopy Growth Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Luc Mongeau, a current member of the Board, to serve as Chief Executive Officer (“CEO”) of the Company (the “Appointment”), effective January 6, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Klein departed as Chief Executive Officer at Canopy Growth Corp.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Mr. Klein will continue in his role as CEO and a member of the Board until the Start Date, at which time Mr. Klein will step down from the Board and will serve as Special Advisor

View on SEC.gov

Canopy Growth Corp filing history →

Source: SEC EDGAR

accession 0001104659-24-123094

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